Pivdencom Bank
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First Trust Senior Loan Fund (NASDAQ:FTSL – Get a rating) saw a sharp drop in short-term interest rates in June. As of June 15, there was short interest totaling 44,800 shares, a decrease of 33.0% from the total of 66,900 shares as of May 31. Based on an average daily volume of 834,400 shares, the day-to-cover ratio is currently 0.1 day.
NASDAQ:FTSL traded down $0.03 during Friday trading hours, hitting $44.13. 1,463,818 shares were traded, against an average volume of 891,509. The First Trust Senior Loan Fund has a 52-week low of $43.84 and a 52-week high of $48.19. The company’s fifty-day moving average price is $45.54 and its 200-day moving average price is $46.82.
The company also recently declared a monthly dividend, which was paid on Thursday, June 30. Shareholders of record on Monday, June 27 received a dividend of $0.153. The ex-dividend date was Friday, June 24. This is a positive change from the previous monthly dividend of $0.14 from the First Trust Senior Loan Fund. This represents a dividend of $1.84 on an annualized basis and a dividend yield of 4.16%.
Several hedge funds have recently bought and sold shares of the company. UBS Group AG increased its position in First Trust Senior Loan Fund by 42.3% in the first quarter. UBS Group AG now owns 2,592,314 shares of the company worth $121,968,000 after acquiring an additional 770,651 shares during the period. Jane Street Group LLC bought a new position in First Trust Senior Loan Fund in the first quarter worth approximately $34,122,000. Royal Bank of Canada increased its position in the First Trust Senior Loan Fund by 28.9% in the first quarter. Royal Bank of Canada now owns 3,031,325 shares of the company worth $142,624,000 after acquiring an additional 680,339 shares during the period. Bank of America Corp DE increased its position in First Trust Senior Loan Fund by 28.9% in the first quarter. Bank of America Corp DE now owns 2,913,864 shares of the company worth $137,098,000 after acquiring an additional 652,613 shares during the period. Finally, TruWealth Advisors LLC increased its stake in First Trust Senior Loan Fund by 328.3% during the first quarter. TruWealth Advisors LLC now owns 709,760 shares of the company worth $33,394,000 after purchasing an additional 544,056 shares in the last quarter.
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